The Nigerian Naira lost over 25% of its value on 14 June, falling to NGN 632 per USD from NGN...
Latest Global Economic News
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Nigeria: The Naira faced a bumpy road in 2023 -
United States: Fed keeps rates unchanged in December At the meeting ending on 13 December, the Federal Open Market Committee (FOMC) left the target range for the federal... -
United Kingdom: Economic activity deteriorates in October GDP slid 0.3% in month-on-month seasonally adjusted terms in October, which contrasted September’s 0.2% increase and market expectations of a... -
United States: Inflation falls to lowest level since June in November Inflation eased to 3.1% in November from October’s 3.2%, in line with market expectations. November’s result marked the lowest inflation... -
Cyprus: Industrial output growth accelerates in September Industrial output expanded 3.6% year on year in calendar-adjusted terms in September, which was above July’s 3.4% increase. September’s improvement... -
China: Broad credit growth picks up in November In November, Chinese banks distributed CNY 1090.0 billion in new yuan loans, up from October’s 738.4 billion figure but below... -
UAE: UAE crude output remains weak in November; Brent prices decline Brent crude oil prices averaged USD 82.19 per barrel in November, down 7.6% from October’s price. On 30 November, the... -
Philippines: Merchandise exports fall at a quicker pace in October Merchandise exports plummeted 17.5% in annual terms in October, following September’s 6.3% fall. October’s figure marked the worst contraction since... -
South Africa: Manufacturing output falls at a softer rate in October Manufacturing output fell 0.2% in month-on-month seasonally adjusted terms in October, which was above September’s 0.8% decrease. Looking at the... -
Serbia: Inflation falls to over one-year low in November Inflation came in at 8.0% in November, which was down from October’s 8.5%. November’s figure represented the lowest inflation rate...